Administrative Dissolution for California LLC’s and Corporations is Here!
Beginning January 1, 2019, eligible California domestic corporations and domestic Limited Liability Companies (LLCs) that have ceased doing business and have no assets may be eligible for administrative dissolution/cancellation under recently enacted AB 2503. The bill provides two options for administrative dissolution of qualified entities: Administrative Dissolution/Cancellation – Authorizes the Franchise Tax Board (FTB) to […]
Franchise Tax Board to Remind Entities What Estimates They Paid
Beginning early 2019, the California Franchise Tax Board will be providing business entities, including corporations, LLC’s, and exempt organizations with a summary of their 2018 tax year estimated payment information. This is part of a pilot project to proactively address the most common reason tax professionals contact the Tax Practitioner Hotline: calling to verify payments. […]